Civic Intelligence

Fabscrap Inc.

990 • Fiscal year 2020 • EIN 81-3795981

Jan 01, 2020 to Dec 31, 2020 • Filed on May 24, 2021

Organization Profilefabscrap.org
PO Box 7559New York, NY 10150

(929) 276-3188

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.74x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.38x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Net Margin

16th percentile

-10%

Higher net margin than 16% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

60th percentile

$39,354

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Asset Growth

78th percentile

57%

Faster asset growth than 78% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

7.9%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$347,157

Up $125,549 (+57%) from 2019

Net Assets

Down

$91,808

Down $68,225 (-43%) from 2019

Liabilities

Up

$255,349

Up $193,774 (+315%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin16th percentile

Revenue

Up

$673,859

Up $49,131 (+7.9%) from 2019

Expenses

Up

$742,084

Up $157,427 (+27%) from 2019

Net Income

Down

-$68,225

Down $108,296 (-270%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2017: $22,172Liabilities 2017: $9,116Net Assets 2017: $13,0462017Assets 2018: $93,439Liabilities 2018: $3,779Net Assets 2018: $89,6602018Assets 2019: $221,608Liabilities 2019: $61,575Net Assets 2019: $160,0332019Assets 2020: $347,157Liabilities 2020: $255,349Net Assets 2020: $91,8082020Assets 2021: $633,771Liabilities 2021: $451,654Net Assets 2021: $182,1172021Assets 2022: $398,355Liabilities 2022: $273,094Net Assets 2022: $125,2612022Assets 2023: $237,459Liabilities 2023: $239,017Net Assets 2023: -$1,5582023Assets 2024: $1,619,720Liabilities 2024: $1,533,825Net Assets 2024: $85,8952024

Highlighted filing

2020

Assets$347,157
Liabilities$255,349
Net Assets$91,808
Open 2020 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $92,291Expenses 2017: $106,546Net Income 2017: -$14,2552017Revenue 2018: $371,065Expenses 2018: $294,461Net Income 2018: $76,6042018Revenue 2019: $624,728Expenses 2019: $584,657Net Income 2019: $40,0712019Revenue 2020: $673,859Expenses 2020: $742,084Net Income 2020: -$68,2252020Revenue 2021: $1,218,585Expenses 2021: $1,128,276Net Income 2021: $90,3092021Revenue 2022: $1,510,101Expenses 2022: $1,569,068Net Income 2022: -$58,9672022Revenue 2023: $1,238,779Expenses 2023: $1,415,358Net Income 2023: -$176,5792023Revenue 2024: $1,617,647Expenses 2024: $1,557,540Net Income 2024: $60,1072024

Highlighted filing

2020

Revenue$673,859
Expenses$742,084
Net Income-$68,225
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 24, 2021
Return Version
2020v4.0
Gross Receipts
$673,859
Mission and Program Overview

Mission

To maximize the value of unused fabric, fabscrap is a convenient and transparent service, is an affordable and accessible materials resource, and is educating and empowering a diverse community of changemakers.

To maximize the value of unused fabric, FABSCRAP is a convenient and transparent Service, is an affordable and accessible materials Resource, and is educating and empowering a Community of changemakers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$75,302$176,313▲ $101,011
Accounts Receivable$53,588$105,683▲ $52,095
Cash and Non-Interest-Bearing Accounts$62,230$33,135▼ $29,095
Prepaid Expenses and Deferred Charges-$11,351-
Land, Buildings, and Equipment, Net$2,488$2,073▼ $415
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$221,608$347,157▲ $125,549
Other Assets Total$28,000$18,602▼ $9,398
Liabilities
Other Liabilities$53,339$227,425▲ $174,086
Accounts Payable and Accrued Expenses$8,236$27,924▲ $19,688
Total Liabilities$61,575$255,349▲ $193,774
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$160,033$91,808▼ $68,225
Total Net Assets Fund Balance$160,033$91,808▼ $68,225
Total Liabilities and Net Assets / Fund Balance$221,608$347,157▲ $125,549

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,073$1,161$3,234
Other Assets Org$18,602--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jessica Dominguez HolduinExecutive DirectorFT$39,354$39,354
Camille D TagleDirectorFT$35,142$35,142

Board Members and Trustees

NameTitle
Dave HirschlerChairman
Margaret BishopTrustee
Nicholas Dominguez HolguinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$162,965
Program Service Revenue
$510,380
Investment Income
$514
Other Revenue
$0
All Other Contributions
$154,960
Change in Net Assets
$-68,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$450,286
Salaries, Compensation, and Employee Benefits$291,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$185,739$32,777-$218,516
Other Salaries and Wages$150,344$26,531-$176,875
Current Officers, Directors, Trustees, and Key Employees$63,322$11,174-$74,496
Fees for Services Management$24,449$4,315-$28,764
Other Employee Benefits$18,480$3,261-$21,741
Advertising$16,977$2,996-$19,973
Payroll Taxes$15,883$2,803-$18,686
Insurance$12,475$2,202-$14,677
Fees for Services Accounting$12,463$2,199-$14,662
Fees for Services Legal$11,706$2,066-$13,772
Other Expenses$4,954$874-$5,828
All Other Expenses$2,865$506-$3,371
Interest$2,518$444-$2,962
Conferences and Meetings$2,209$390-$2,599
Travel$1,913$337-$2,250
Depreciation Depletion$356$63-$419
Total Functional Expenses$630,772$111,312$0$742,084
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SBA Loan$182,425
Business Line of Credit$45,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Nicholas Dominguez Holguin is the Executive Director's spouse”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is prepared by an independent cpa firm.a draft is delivered to the executive director.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Fabscrap has adopted a conflict of interest policy and an annual disclosure statement that is distributed, reviewed, signed and submitted by all members of the board. The executive director reviews the signed statements. If a conflict were to arise, the individual would abstain from voting.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board of directors is responsible for hiring, and establishing the compensation salary and benefits) of the executive director/top management”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The board of directors is responsible for hiring, and establishing the compensation salary and benefits) of the executive director/top management”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Fabscrap Inc
EIN
81-3795981
Phone
9292763188
Address
PO BOX 7559, New York, NY 10150

Signing Officer

Name
Jessica Dominguez Holguin
Title
Executive Director
Signed
2021-05-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Executive Director
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
6
Employees
12
Volunteers
933

Preparer

Firm
Nezaj & Co CPAS LLP
Address
6 East 39th St Ste 901, New York, NY 10016
Preparer
Erenik Nezaj
Phone
2123909495
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“Other program services 4: fabric sales: fabscrap will sell the fabric scrap. These fabrics are recovered from high-end designers in nyc, sold as a sustainable alternative to destruction and discard in lanfill.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/BusinessCd1453310
IRS990/ProgramServiceRevenueGrp/Desc0Fabric Sales
IRS990/ProgramServiceRevenueGrp/Desc1Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0344494
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1165886
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0344494
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1165886
IRS990/ProgSrvcAccomActy2Grp/Desc0SERVICE FEES: FABSCRAP PROVIDES CONVENIENT PICKUP AND RECYCLING OF TEXTILES FOR BUSINESSES IN NEW YORK CITY. THE ORGANIZATION WILL PICKUP FABRIC SCRAPS TO RECYLCE OR REUSE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0155398
IRS990/ProgSrvcAccomActy3Grp/Desc0DONATIONS: FABSCRAP ACCEPTS INDIVIDUAL DONATIONS. THE DONATIONS ARE USED TO PUT FORWARD THE MISSION, HIRE MORE PEOPLE AND KEEP FABRIC PRICES LOW.
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IRS990/PYRevenuesLessExpensesAmt040071
IRS990/PYSalariesCompEmpBnftPaidAmt0177575
IRS990/PYTotalExpensesAmt0584657
IRS990/PYTotalRevenueAmt0624728
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-68225
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt022110
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0554061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0277833
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt071146
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01421425
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01132
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt093256
IRS990ScheduleA/Total509Grp/TotalAmt01771261
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0673859
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0624728
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0380550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt093256
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01772393
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt02073
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01161
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03234
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt018602
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1182425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Business Line of Credit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SBA Loan
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02073
IRS990ScheduleD/TotalBookValueOtherAssetsAmt018602
IRS990ScheduleD/TotalLiabilityAmt0227425
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: FABRIC SALES: FABSCRAP WILL SELL THE FABRIC SCRAP. THESE FABRICS ARE RECOVERED FROM HIGH-END DESIGNERS IN NYC, SOLD AS A SUSTAINABLE ALTERNATIVE TO DESTRUCTION AND DISCARD IN LANFILL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Nicholas Dominguez Holguin is the Executive Director's spouse
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM.A DRAFT IS DELIVERED TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FABSCRAP HAS ADOPTED A CONFLICT OF INTEREST POLICY AND AN ANNUAL DISCLOSURE STATEMENT THAT IS DISTRIBUTED, REVIEWED, SIGNED AND SUBMITTED BY ALL MEMBERS OF THE BOARD. THE EXECUTIVE DIRECTOR REVIEWS THE SIGNED STATEMENTS. IF A CONFLICT WERE TO ARISE, THE INDIVIDUAL WOULD ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS RESPONSIBLE FOR HIRING, AND ESTABLISHING THE COMPENSATION SALARY AND BENEFITS) OF THE EXECUTIVE DIRECTOR/TOP MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS IS RESPONSIBLE FOR HIRING, AND ESTABLISHING THE COMPENSATION SALARY AND BENEFITS) OF THE EXECUTIVE DIRECTOR/TOP MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0221608
IRS990/TotalAssetsEOYAmt0347157
IRS990/TotalAssetsGrp/BOYAmt0221608
IRS990/TotalAssetsGrp/EOYAmt0347157
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0162965
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0111312
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0630772
IRS990/TotalFunctionalExpensesGrp/TotalAmt0742084
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt061575
IRS990/TotalLiabilitiesEOYAmt0255349
IRS990/TotalLiabilitiesGrp/BOYAmt061575
IRS990/TotalLiabilitiesGrp/EOYAmt0255349
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0160033
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt091808
IRS990/TotalProgramServiceExpensesAmt0630772
IRS990/TotalProgramServiceRevenueAmt0510380

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$347,157
Liabilities
$255,349
Net assets
$91,808
Revenue
$673,859
Expenses
$742,084
Net income
-$68,225
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.62$1.53$0.09$1.62$1.56$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.00$1.24$1.42$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.40$0.27$0.13$1.51$1.57$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.45$0.18$1.22$1.13$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.26$0.09$0.67$0.74$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.06$0.16$0.62$0.58$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.37$0.29$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.09$0.11$0.01